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20130129
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the economy. think about language. nobody planned the english language. it arose spontaneously it evolved just like the french language, the russian language. there are a few languages that have two things in common, they were designed by human beings, they were planned and no one speaks them. all the languages that people speak are examples of spontaneous order. law, i know we're here in the ray burn -- rayburn office building and everybody thinks they are involved in making law. the fact is, law evolves spon spontaneously. sometimes they turned to a neighbor to settle them. some of the wisest neighbors became known as judges. that's how precedent and case law built up. it was actually much into that process that government started saying let's write it down. and intrude it and change it through legislative or skeeverd. money, most people think money is something ben bernanke prints. but it evolved because again, people had problem. how do i trade? if i have a fish and you have an apple then we have an easy trade. but if i don't like apples and you have enough fish then we have to make the tr
Search Results 0 to 0 of about 1